Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Portfolio Management
Old 02-27-2008, 04:24 PM   #1
Thinks s/he gets paid by the post
Bikerdude's Avatar
 
Join Date: Jul 2006
Posts: 1,901
Portfolio Management

A friend of mine has been talking to a representative of Zacks financial management. They have been handling high net worth individuals since about 1997 or so. Their other claim to fame is doing quantitative analysis for large investment firms.

It looks like the program is managed by Zacks but executed by a local brokerage house who handles the trades. Seems like Zacks charges a 1.5% management fee. I’m not sure who picks up the trading costs.

Does anybody have knowledge of this firm or its track record? Has anybody done business with them or know someone that has?

Their portfolios seem to have beaten the S&P500 by a substantial amount over 1,3,5,7 & 10 year periods.
__________________
“I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said” Alan Greenspan
Bikerdude is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 02-27-2008, 04:49 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2005
Posts: 10,252
Who cares if they beat the S&P500 ... especially over a period that included a great bear market? Did they beat a reasonably asset allocated portfolio say one of those listed at Index Funds | DFA Funds Approved Advisor - Dimensional Fund Advisors Approved?
LOL! is offline   Reply With Quote
Old 02-27-2008, 05:49 PM   #3
Recycles dryer sheets
 
Join Date: Jan 2007
Posts: 284
1.5% is a very large fee. Have you looked into Portfolio Solutions? Rick Ferri charges 0.25% yearly.
A854321 is offline   Reply With Quote
Old 02-27-2008, 07:30 PM   #4
Thinks s/he gets paid by the post
Bikerdude's Avatar
 
Join Date: Jul 2006
Posts: 1,901
Quote:
Originally Posted by A854321 View Post
1.5% is a very large fee.
Oh I agree. I'm doing this for a friend who thinks he may be interested investing with this outfit. I don't have any interest. I'm just trying to find any information that might be available positive or negative.
__________________
“I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said” Alan Greenspan
Bikerdude is offline   Reply With Quote
Old 02-27-2008, 08:03 PM   #5
Thinks s/he gets paid by the post
DblDoc's Avatar
 
Join Date: Aug 2007
Posts: 1,224
Quote:
Originally Posted by Bikerdude View Post
Oh I agree. I'm doing this for a friend who thinks he may be interested investing with this outfit. I don't have any interest. I'm just trying to find any information that might be available positive or negative.
Plenty of negative in many of the recommended books list here. I'm in the middle of The Successful Investor Today by Swedroe and the first several chapters are devoted to how poorly managed funds perform, and why.

DD
DblDoc is offline   Reply With Quote
Old 02-28-2008, 08:06 AM   #6
Recycles dryer sheets
 
Join Date: Jan 2008
Posts: 136
We have had great success with Texas Wealth Management.

www.texaswealthmanagement.com
serie1926 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Photo Management TromboneAl Other topics 10 08-09-2007 01:07 PM
Document Management AirplaneGuy Other topics 2 08-02-2007 05:37 AM
Poll: Retirement Portfolio Management chinaco FIRE and Money 11 03-31-2007 04:51 PM
Password Management Martha Other topics 31 02-07-2007 11:12 PM
High Dividend Portfolio vs Portfolio Diversified Across Asset Classes ScaredtoQuit FIRE and Money 36 01-12-2007 12:24 PM

» Quick Links

 
All times are GMT -6. The time now is 09:14 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.